335 Clifty Dr - Car Washes FOR SALE
Madison, IN 47250 |
$2,000,000 USD
843-510-0551
335 Clifty Dr
Madison, IN 47250
HIGHLIGHTS
- 20-Year Absolute Triple Net Lease With Rare Corporate Guaranty - Lease Will Commence at the Close of Escrow
- Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth
- This Property is Ideally Situated Off Cliffy Drive Which Sees Over 28,000 Vehicles Per Day
- Scooter's Coffee Was Founded in 1988 in Bellevue, Nebraska and Has Been in Business For More Than 20 Years
- Nearby Tenants Include: KFC, Dunkin', Speedway, Rally's, Hardee's, O'Reilly Auto Parts, Advance Auto Parts, CVS, Burger King, Chevrolet Dealership
- They Operate 900+ Locations Across 30 Different States
OVERVIEW
Sands Investment Group Is Pleased to Exclusively Offer For Sale the 682 SF Scooter's Coffee Located at 335 Clifty Drive in Madison, IN. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With Zero Landlord Responsibilities. A 20-Year Lease With 10% Increases Every 5 Years Will Commence at the Close of Escrow, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$2,000,000 USD
PRICE/SF
$806 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee - Madison, IN
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
ADD'L SUBTYPES
Landfill
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.07 AC
LAND SF
3,049 SF
ZONING
GB
APN/PARCEL ID
39-08-22-442-003-000-007
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843-510-0551
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843-510-0551
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